Summary of the real estate owned as of (Tables)

9 Months Ended

Sep. 30, 2013

Summary of the real estate owned as of

Summary of the real estate owned as of

Below is a summary of the real estate owned as of September 30, 2013 (dollars in thousands):

Apartments	$	590,346
Commercial properties		222,949
Land held for development		182,085
Real estate held for sale		151
Real estate subject to sales contract		41,655
Total real estate		1,037,186
Less accumulated depreciation		(166,399	)
Total real estate, net of depreciation	$	870,787